Consumers have been drifting away from this costly coverage in recent years but are looking into it again. Long term care insurance is a type of coverage that many people have been abandoning in recent years due to the skyrocketing cost associated with keeping it up. That said, this year, consumers are starting to inquire about it once more, which many people hadn’t expected in the current economy. There are many reasons that consumers are wondering if this type of policy has value after all. Within the current economy, many…
Read MoreTag: long term care
Understanding the Various Roles in a Senior Care Center
Senior Care Centers are vital parts of our society, serving to ensure a healthy, happy, and peaceful life for aging individuals. Ensuring a high quality of life for residents isn’t a feat accomplished by one individual, rather, it requires the collaboration of various professionals, each contributing to the total well-being of the seniors. The professionals involved vary widely in terms of their training, functions, and roles. Keep reading to understand the various roles within a senior care center and how each contributes to the overall functioning of these institutions. Overview…
Read MoreFederal long-term care insurance premiums to rise as much as 86 percent
Enrollees in the federal program are preparing themselves for even more expensive coverage in 2024. Americans enrolled in the Federal Long-Term Care Insurance Program (FLTCIP) are getting ready to pay even more for their coverage next year after having faced regular increases for several consecutive years. The Office of Personnel Management has announced that there will be a rate hike for current enrollees. The Federal Long-Term Care Insurance Program is run by the Office of Personnel Management. It announced that current enrollees should expect to see higher rates for 2024.…
Read MoreLinked-Benefit Long-Term Care Video Library Launched By AALTCI
Sales of linked-benefit long-term care insurance continue to outpace traditional long-term care policies. A new video library will provide meaningful information to prospective buyers. “There is enormous interest in linked benefit long-term care,” states Jesse Slome, director of the American Association for Long-Term Care Insurance director. “Judging by the consumer inquiries we receive, there are also many misconceptions and some flawed information that we wanted to address.” The Association has just launched an online video library that will consist of short informative videos focused specifically on hybrid or linked-benefit long-term…
Read MoreHow to Choose the Right Life Insurance Type for You
There are many types of life insurance out there, but it is not as difficult as you might think. You can choose from whole life and term life, and the different variations on those. Term is often good for a set amount of time, and it then expires. But whole life goes for your entire life, as long as you keep making the payments. There are benefits and drawbacks of each one. Adding to Your Coverage Term life insurance is a relatively new kind of insurance available. You may wonder…
Read More